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“They (small business owners) also don’t typically understand these risks. This makes them very susceptible to attacks,” says Holly Burton, technology leader at Insureon. “Most know what cyber liability is in general, but very few understand the complexity of coverages or associated risks.” (Credit: valerybrozhinsky/Adobe Stock) “They (small business owners) also don’t typically understand these risks. This makes them very susceptible to attacks,” says Holly Burton, technology leader at Insureon. “Most know what cyber liability is in general, but very few understand the complexity of coverages or associated risks.” (Credit: valerybrozhinsky/Adobe Stock)

The number of data compromises increased 68% year-on-year during 2021, reaching a new record, according to a report from The Identity Theft Resource Center (ITRC). The number of incidents during the past year was 23% above the previous all-time high, which was set in 2017.

In 2021, more than 1,860 events were recorded and 83% of the incidents involved sensitive information, such as Social Security numbers and birth dates, the ITRC’s annual data breach report revealed.

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Steve Hallo

Steve Hallo is managing editor of PropertyCasualty360.com. He can be reached at [email protected].  

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